EUR/GBP – 30M – SELL

The combination Euro/British Pound (EUR/GBP) goes from the descending trendline down.

A continuation of the downward movement down to the next support line at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.82512 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.82347 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.82512 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Evening Star’ candle pattern is discovered. The chart shows ‘Evening Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ going down is 72% (Bull & Bear Market).

Download EUR/GBP Signal Image

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Evening Star